Stock Market Daily Updates

28/08/2026

28/08/2026

Trade Setup for August 31
Trade setup chart
The index formed a bullish candle which mostly remained contained inside the previous session’s price range, signalling consolidation amid stock-specific action.

A move above Friday’s high and the 50-day EMA, placed around 24,190, will open a pullback towards 24,300–24,350 levels in the coming sessions. While a breach below the weekly low of 24,076 will signal testing of the major support area of 24,000–23,800.

Overall, we expect the index to extend the recent consolidation and trade in the broad range of 23,800–24,600 amid stock-specific action. Within the consolidation, the last two-week highs placed around 24,380 will be the immediate hurdle for the index. Only a move above the same will signal positive movement. Failure to move above the same will keep the bias corrective.

Nifty has key support at 24,000–23,800 levels, being the confluence of the trendline support joining the last four months’ lows, previous major gap area and 61.8% retracement of the previous up move from 23,606 to 24,774.

Key Numbers:
Close: 24,175.65 (+84.80 points / +0.35%)
Resistance zone: 24,190 and 24,300 (50-day EMA and last Thursday’s high)
Support area: 24,080 and 24,000 (rising trendline support)
India VIX: 10.6
Daily RSI: 47.0

28/08/2026

Events Calendar
Corporate Actions follow For More Update Daily Stock market News

28/08/2026

Trade Setup for August 31
Trade setup chart
The index formed a bullish candle which mostly remained contained inside the previous session’s price range, signalling consolidation amid stock-specific action.

A move above Friday’s high and the 50-day EMA, placed around 24,190, will open a pullback towards 24,300–24,350 levels in the coming sessions. While a breach below the weekly low of 24,076 will signal testing of the major support area of 24,000–23,800.

Overall, we expect the index to extend the recent consolidation and trade in the broad range of 23,800–24,600 amid stock-specific action. Within the consolidation, the last two-week highs placed around 24,380 will be the immediate hurdle for the index. Only a move above the same will signal positive movement. Failure to move above the same will keep the bias corrective.

Nifty has key support at 24,000–23,800 levels, being the confluence of the trendline support joining the last four months’ lows, previous major gap area and 61.8% retracement of the previous up move from 23,606 to 24,774.

Key Numbers:
Close: 24,175.65 (+84.80 points / +0.35%)
Resistance zone: 24,190 and 24,300 (50-day EMA and last Thursday’s high)
Support area: 24,080 and 24,000 (rising trendline support)
India VIX: 10.6
Daily RSI: 47.0

28/08/2026

Index Snapshot 27 Of August follow For More Update Daily Stock market News

28/08/2026

FII and DII Trends Follow For More Update Daily Stock market News

28/08/2026

FII and DII Trends

28/08/2026

Trade Setup for 28 August

The index formed a bearish candle with a lower high and a lower low, signalling continuation of the corrective decline for the second session in a row. The index, in the process, closed below the 50-day EMA.

Nifty started the session on a positive note but failed to move above 24,300 levels and gave up its intraday gains to close sharply lower around the 24,100 levels.

The last two weeks’ low in the Nifty is placed around 24,378 levels. Failure to move above the same will keep the immediate bias corrective, with key support placed at 24,000–23,800 levels, being the confluence of the trendline support joining the last four months’ lows, the previous major gap area and a 61.8% retracement of the previous up move from 23,606 to 24,774.

Overall, the index is expected to extend the recent consolidation and trade in the broad range of 23,800–24,600 in the coming sessions.

Key Numbers:
Close: 24,090.85 (-116.90 points / -0.48%)

Resistance zone: 24,200 and 24,300 (Thursday’s high)

Support area: 24,025 and 23,910 (last week’s low)

India VIX: 11.1

Daily RSI: 43.5

Source: Bajaj Broking Research Desk

27/08/2026

📊 PRE MARKET ANALYSIS | THU 27 AUG | SENSEX EXPIRY

🏛️ SENSEX EXPIRY TODAY

Yesterday Sensex closed at 77,472, down 183 points — and the low was the close.

But most of the afternoon traded around 77,600–77,700.

The auction then pushed the final settlement ~180 points lower.

🎯 THE MAIN NUMBER: 77,600

Max pain = 77,600
Gamma flip = 77,600
Support = 77,000
Resistance = 78,000

78000 CE has 39.6L contracts — the main wall.

📊 SENSEX BOARD

77000 PE: 20.1L
77500 PE: 14.0L
78000 CE: 39.6L

PCR: 0.86

Expiry 1SD: 77,065–77,881

🌏 GLOBAL

🇰🇷 KOSPI +1.80%
🇹🇼 Taiwan +0.92%
🇺🇸 Nasdaq -0.08%
🛢️ Brent 87.32
🥇 Gold 4641
💵 USD/INR 95.41

GIFT Nifty ~24,364 on September futures.

📉 NIFTY

Nifty closed 24,208 (-127), again at the day's low.

VIX fell to 10.43, the lowest of this cycle.

Fresh resistance:
24300 → 24400 → 24500

Support:
24200 → 24000

⚡ FLOWS

FII cash: +₹503 Cr, third straight buying day.

DII cash: +₹6,425 Cr — big dip buying.

But FIIs continued selling derivatives.

📋 PLAN

Sensex first:

Watch 77,600.

Above 77,600 → range compresses, 77,800 possible.

Below 77,600 → moves can accelerate toward 77,200–77,300.

77,000 remains the real floor.

Nifty:

24,350 is the key level.

Below 24,200 → 24,000 comes into play.

⚠️ Most important: don't trust the indicative auction price.

Yesterday the final print moved ~180 points after the afternoon tape had settled.

Spreads only. Defined risk.